Bullish and Gemini IPO filings leverage new GAAP rules to boost revenue
2025-08-22 10:27:33 Primitive Reading

　``` the cryptocurrency exchanges Gemini and Bullish recently submitted IPO filings, but the results were not good. Despite the unusually hot cryptocurrency IPO market following Circle's high-profile listing, these two filings revealed that even major companies in the industry have very low profitability.

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